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The Radical Innovation Investment Decision Refined
Bilkic, Natasa; Gries, Thomas; Naudé, Wim - Institute for the Study of Labor (IZA) - 2013
We refine modelling of the radical innovation decision in this paper by extending real option theory to include non-marginal stochastic jump processes. From the model analytics we determine that the average magnitude and frequency of non-marginal stochastic jump processes are the most important...
Persistent link: https://www.econbiz.de/10010791525
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Industrialization Lessons from BRICS: A Comparative Analysis
Naudé, Wim; Szirmai, Adam; Lavopa, Alejandro - Institute for the Study of Labor (IZA) - 2013
To date there has been few systematic and comparative empirical analyses of the nature of economic development in Brazil, Russia, India, China and South Africa (BRICS). We contribute to addressing this gap by exploring the patterns of structural change between 1980 and 2010, focusing on the...
Persistent link: https://www.econbiz.de/10010884080
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Entrepreneurship and Economic Development: Theory, Evidence and Policy
Naudé, Wim - Institute for the Study of Labor (IZA) - 2013
entrepreneurship. Given the relative neglect of entrepreneurship by development scholars it deals with (i) recent theoretical insights … from the intersection of entrepreneurship and development studies; (ii) the empirical evidence on the relationship between … entrepreneurship and development; and (iii) fresh insights for entrepreneurship policy for development that emerges from recent …
Persistent link: https://www.econbiz.de/10010884187
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Skill Variety, Innovation and New Business Formation
Hessels, Jolanda; Brixy, Udo; Naudé, Wim; Gries, Thomas - Institute for the Study of Labor (IZA) - 2014
We extend Lazear's theory of skills variety and entrepreneurship in three directions. First, we provide a theoretical …, but also commercial value. Our findings support the notion that entrepreneurship can be learned. …
Persistent link: https://www.econbiz.de/10010884235
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Skill Variety, Innovation and New Business Formation
Hessels, Jolanda; Brixy, Udo; Naudé, Wim; Gries, Thomas - 2014
We extend Lazear's theory of skills variety and entrepreneurship in three directions. First, we provide a theoretical …, but also commercial value. Our findings support the notion that entrepreneurship can be learned. …
Persistent link: https://www.econbiz.de/10010328895
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The Past and Future of Manufacturing in Central and Eastern Europe: Ready for Industry 4.0?
Naudé, Wim; Surdej, Aleksander; Cameron, Martin - 2019
could do more to promote entrepreneurship; to diversify and grow manufacturing export markets through focused trade …
Persistent link: https://www.econbiz.de/10012005842
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Technological Innovation and Inclusive Growth in Germany
Naudé, Wim; Nagler, Paula - 2017
Technological innovation has historically contributed to inclusive economic growth in Germany. In more recent decades, however, this contribution has weakened due to the declining impact of technological innovation on labor productivity growth. Fearing that this declining impact would undermine...
Persistent link: https://www.econbiz.de/10011816466
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Entrepreneurial Recovery from COVID-19: Decentralization, Democratization, Demand, Distribution, and Demography
Naudé, Wim - 2020
Entrepreneurship, as reflected in the start-up of new firms, the growth and market exit of existing firms, and the ow … that there is a strong possibility that the unintended damage to entrepreneurship, innovation and growth could be …
Persistent link: https://www.econbiz.de/10012270114
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Extreme Events, Entrepreneurial Start-Ups, and Innovation: Theoretical Conjectures
Gries, Thomas; Naudé, Wim - 2020
entrepreneurship can cause and resolve extreme events, the immediate and long-run impacts of extreme events on entrepreneurship, and … whether extreme events can positively impact (some) entrepreneurship and innovation. Based on this, we propose a partial … equilibrium model to provide several conjectures on the impact of COVID-19 on entrepreneurship and derive policy recommendations …
Persistent link: https://www.econbiz.de/10012322634
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The Rise and Fall of German Innovation
Naudé, Wim; Nagler, Paula - 2021
In this paper, we describe the historical co-evolution of innovation and economic growth in Germany since 1871. The country's rise as an industrial power in the late 19th century, through its innovation and entrepreneurial performance, is contrasted with the post-World War II period. This latter...
Persistent link: https://www.econbiz.de/10012498055